Latest news with #TheGlobalNewLightofMyanmar
The Star
3 days ago
- Business
- The Star
Earthquake-hit Myanmar invite foreign investor for rebuilding
PHNOM PENH (Bernama): Myanmar is inviting foreign investors to participate in the redevelopment efforts two months after the devastating earthquake destroyed major infrastructure and left thousands homeless. Roads, bridges, schools, monasteries, farmland and factories were destroyed when the 7.7 magnitude earthquake struck the South-East Asian nation on March 28. State Administration Council Chairman Senior General Min Aung Hlaing announced strategic plans to channel further humanitarian aid to affected victims and quickly reboot the country's faltering economy. "Rebuilding means not only repairing the damaged buildings and making efforts to ensure economic recovery but also building a secure and safe nation in the future. "We want the support of the regional and international partners. And we also want to invite them to invest in the new vision of Myanmar,' said Min Aung Hlaing, reported the state media The Global New Light of Myanmar. He was speaking at the "Rebuilding Myanmar: Post-Earthquake Economic Recovery," in Nay Pyi Taw on Friday. About 3,700 people lost their lives and 5,104 others were injured in the natural disaster. "The disastrous earthquake has had a direct impact upon 600,000 people or so with thousands of people having been forced to move out of their places,' he said. The government has outlined three development strategies - extend humanitarian relief and social protection, infrastructure reconstruction and revive the economy. The focus will be on five key areas for swift economic recovery - energy, agriculture, transportation, telecommunications and public infrastructure. "We gather here today not to demonstrate our melancholy over our substantial losses but to seek ways to survive like the phoenix that could have resurrected as well as how to rebuild. "Today's forum is not only a venue for the talk show but for laying down the foundation for achieving a roadmap,' said Min Aung Hlaing, according to the state media. The World Bank estimated in April that the damages from the earthquake could touch RM42 billion (US$10 billion) and the costs of rebuilding may double that amount. Twenty-one countries delivered over three million metric tonnes of relief supplies and sent about 1,000 relief workers and medical staff supported by 287 doctors following the disaster, reported the state media. - Bernama
The Star
6 days ago
- Business
- The Star
Myanmar investment arm approves three new projects, creating 1,220 jobs
YANGON: The Yangon Region Investment Committee (YRIC) has approved three new investment projects during its meeting held in Yangon on Wednesday (May 29), state-owned daily The Global New Light of Myanmar reported on Thursday. Among the approved projects, two are local investments in the hotel and tourism sector, while the other one is a foreign project in the industrial sector, the report said. The projects included motel service, hotel service and CMP garment manufacturing with a capital of over 6.6 billion kyats (US$3.14 million) and $0.866 million, it said, adding that these projects are expected to create 1,220 jobs for local people. The meeting also discussed the appointment of 2,500 local staff by one company and other reports made by 14 companies, the report said. - Xinhua
The Star
10-05-2025
- Politics
- The Star
Myanmar junta chief meets China's Xi for first time: state media
Chinese President Xi Jinping meeting Myanmar leader Min Aung Hlaing on the sidelines of the celebrations marking the 80th anniversary of the victory in the Soviet Union's Great Patriotic War in Moscow, Russia on May 9, 2025. -Xinhua BANGKOK: Myanmar's junta chief met China's president for the first time since seizing power, state media reported Saturday (May 10), the highest-level meeting with a key ally for the internationally sanctioned military leader. Senior General Min Aung Hlaing led a military coup in 2021 overthrowing Myanmar's brief experiment with democracy and plunging the nation into civil war. In the four years since, his armed forces have battled dozens of ethnic armed groups and rebel militias -- some with close links to China -- opposed to its rule. The conflict has seen Min Aung Hlaing draw condemnation from rights groups and pursued by the International Criminal Court for crimes against humanity, but he has maintained close ties to allies China and Russia. He met Beijing's leader Xi Jinping in Moscow on the sidelines of Russia's Victory Day celebrations on Friday and thanked China for its humanitarian assistance following a 7.7-magnitude earthquake in March, reported junta media The Global New Light of Myanmar He also thanked China "for its support of Myanmar's stance on regional and international fronts", it said. Chinese state media Xinhua news reported that Xi expressed his country's support for Myanmar pursuing development "suited to its national conditions, safeguarding its sovereignty, independence, territorial integrity and national stability, and steadily advancing its domestic political agenda". Xi said he hoped Myanmar would take "concrete measures to ensure the safety of Chinese personnel, institutions and projects in Myanmar, and intensify efforts to combat cross-border crimes". More than 6,600 people have been killed since the coup, according to the Assistance Association for Political Prisoners, and millions displaced. Concerned about the violence on its doorstep destabilising regional peace and its economic ambitions, China has reportedly mediated talks between Myanmar's junta and key rebel groups. China is a major ally and arms supplier to the junta, but analysts say it also maintains ties with armed ethnic groups in Myanmar that hold territory near its border. While Min Aung Hlaing's Friday meeting with Xi was his first time in his role as junta chief, the general had previously met the Chinese leader in Myanmar's capital Naypyidaw in January 2020, a year before seizing power. - AFP
Business Times
10-05-2025
- Politics
- Business Times
Myanmar junta chief meets China's Xi for first time: state media
[BANGKOK] Myanmar's junta chief met China's president for the first time since seizing power, state media reported on Saturday, the highest-level meeting with a key ally for the internationally sanctioned military leader. Senior General Min Aung Hlaing led a military coup in 2021 overthrowing Myanmar's brief experiment with democracy and plunging the nation into civil war. In the four years since, his armed forces have battled dozens of ethnic armed groups and rebel militias - some with close links to China - opposed to its rule. The conflict has seen Min Aung Hlaing draw condemnation from rights groups and pursued by the International Criminal Court for crimes against humanity, but he has maintained close ties to allies China and Russia. He met Beijing's leader Xi Jinping in Moscow on the sidelines of Russia's Victory Day celebrations on Friday and thanked China for its humanitarian assistance following a 7.7-magnitude earthquake in March, reported junta media The Global New Light of Myanmar He also thanked China 'for its support of Myanmar's stance on regional and international fronts', it said. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Chinese state media Xinhua news reported that Xi expressed his country's support for Myanmar pursuing development 'suited to its national conditions, safeguarding its sovereignty, independence, territorial integrity and national stability, and steadily advancing its domestic political agenda'. Xi said he hoped Myanmar would take 'concrete measures to ensure the safety of Chinese personnel, institutions and projects in Myanmar, and intensify efforts to combat cross-border crimes'. More than 6,600 people have been killed since the coup, according to the Assistance Association for Political Prisoners, and millions displaced. Concerned about the violence on its doorstep destabilising regional peace and its economic ambitions, China has reportedly mediated talks between Myanmar's junta and key rebel groups. China is a major ally and arms supplier to the junta, but analysts say it also maintains ties with armed ethnic groups in Myanmar that hold territory near its border. Beijing has long been eyeing Myanmar's resource-rich northern Shan state - now under rebel control - for infrastructure investment under its trillion-dollar Belt and Road infrastructure initiative. While Min Aung Hlaing's Friday meeting with Xi was his first time in his role as junta chief, the general had previously met the Chinese leader in Myanmar's capital Naypyidaw in January 2020, a year before seizing power. AFP
RTHK
10-05-2025
- Politics
- RTHK
Myanmar junta chief meets Xi in Moscow
Myanmar junta chief meets Xi in Moscow Min Aung Hlaing meets President Xi Jinping in Naypyidaw in 2020. File photo: AFP Myanmar's junta chief met President Xi Jinping for the first time since seizing power, state media reported on Saturday, the highest-level meeting with a key ally for the internationally sanctioned military leader. Senior General Min Aung Hlaing led a military coup in 2021 overthrowing Myanmar's brief experiment with democracy and plunging the nation into civil war. In the four years since, his armed forces have battled dozens of ethnic armed groups and rebel militias opposed to its rule. He met Xi in Moscow on the sidelines of Russia's Victory Day celebrations on Friday and thanked China for its humanitarian assistance following a 7.7-magnitude earthquake in March, reported junta media The Global New Light of Myanmar He also thanked China "for its support of Myanmar's stance on regional and international fronts", it said. Xinhua news agency reported that Xi expressed his country's support for Myanmar pursuing development "suited to its national conditions, safeguarding its sovereignty, independence, territorial integrity and national stability, and steadily advancing its domestic political agenda". Xi said he hoped Myanmar would take "concrete measures to ensure the safety of Chinese personnel, institutions and projects in Myanmar, and intensify efforts to combat cross-border crimes". More than 6,600 people have been killed since the coup, according to the Assistance Association for Political Prisoners, and millions displaced. Concerned about the violence on its doorstep destabilising regional peace and its economic ambitions, China has reportedly mediated talks between Myanmar's junta and key rebel groups. While Min Aung Hlaing's Friday meeting with Xi was his first time in his role as junta chief, the general had previously met the Chinese leader in Myanmar's capital Naypyidaw in January 2020, a year before seizing power. (AFP)
